JustRalph
02-02-2013, 01:30 AM
7 fold increase since 2007
I wonder what happen in 2008?
http://world.time.com/2013/01/31/mister-taxman-why-some-americans-working-abroad-are-ditching-their-citizenships/
Shameful treatment by the US government
“FATCA is the straw that broke the camel’s back,” says Jackie Bugnon, director of American Citizens Abroad (ACA), a Geneva-based expatriate advocacy group. Because this legislation forces local banks to invest in expensive new infrastructure in order to comply with the IRS rules, “access to foreign financial institutions is being shut off and Americans abroad are treated like criminals,” she adds.
Switzerland-based Amy Webster experienced the bias firsthand when she and her Swiss husband encountered difficulties getting a mortgage because of her U.S. citizenship. “This was infuriating and humiliating,” she says. “These unfair regulations imposed by the U.S. government are having adverse effects on the lives and well-being of U.S. citizens living in this country.”
Read more: http://world.time.com/2013/01/31/mister-taxman-why-some-americans-working-abroad-are-ditching-their-citizenships/#ixzz2JikXb4MY
I wonder what happen in 2008?
http://world.time.com/2013/01/31/mister-taxman-why-some-americans-working-abroad-are-ditching-their-citizenships/
Shameful treatment by the US government
“FATCA is the straw that broke the camel’s back,” says Jackie Bugnon, director of American Citizens Abroad (ACA), a Geneva-based expatriate advocacy group. Because this legislation forces local banks to invest in expensive new infrastructure in order to comply with the IRS rules, “access to foreign financial institutions is being shut off and Americans abroad are treated like criminals,” she adds.
Switzerland-based Amy Webster experienced the bias firsthand when she and her Swiss husband encountered difficulties getting a mortgage because of her U.S. citizenship. “This was infuriating and humiliating,” she says. “These unfair regulations imposed by the U.S. government are having adverse effects on the lives and well-being of U.S. citizens living in this country.”
Read more: http://world.time.com/2013/01/31/mister-taxman-why-some-americans-working-abroad-are-ditching-their-citizenships/#ixzz2JikXb4MY